Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
Oil Prices Climb in Asian Trade as Venezuela Sanctions and Middle East Tensions Fuel Risk Premium 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The Goods and Services Tax (GST) Council has assigned the tax rates for around 1,200 goods and 500 services ahead of the planned implementation on July 1. There will be four tax rates, ranging from 5–28 percent.
All that is now pending for the Council to finalise are the rates for six more categories of goods, and for the states to complete the ratification process of the state GST bills. These are expected to be completed in the next couple of weeks and just in time for the Council’s scheduled implementation.
The GST is viewed as a milestone for India as it will simplify the tax code across the state and central governments. More pertinently, it sends a powerful signal on the government’s ability to push through its reform agenda. The market’s optimism over GST, along with Prime Minister Narendra Modi’s strengthened political position has pushed the USD/INR down by around 5 percent over the course of this year to the 64.50 level.
"However, looking ahead, we expect USD/INR to gradually rise to 67.50 by year-end, driven by RBI’s monetary divergence with the Fed," Commerzbank commented in its latest research report.
